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Single-Tenant Office Medical

Mandarin Smiles

9776 San Jose Blvd, Unit 7, Jacksonville, FL 32257

Listing Price: $788,000

Cap Rate
6.83%
Tenant Name
North American Dental
Years Remaining On Lease
2.1
Gross SF
2,847
Guarantor
Corporate Guarantee
Rentable SF
2,847
Price/Gross SF
$276.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.11

Investment Overview

Marcus & Millichap is pleased to present the subject property, located at 9776 San Jose Blvd. Unit # 7, Jacksonville, FL 32257. Situated in the Mandarin Professional Complex, the structure on this parcel was built in 1988 and consists of office condo units. The subject unit contains +/- 2,850 SF and is occupied by Mandarin Smiles which has two and one-fourth years remaining on its lease with two five-year options. The heavy residential and commercial community surrounding this area creates a strong demand for office space by professional practitioners who service their clientele from their location. A prospective investor is able to capitalize on the current lease and need for this product type.

Investment Highlights

  • Heavy Commercial And Residential Use Nearby
  • Property Fronts San Jose Blvd – AADT 26,000
  • Located In A Professional Office Complex

Exclusively Listed By

Financing By

Single-Tenant Office Medical

Mandarin Smiles

Listing Price: $788,000

Cap Rate
6.83%
Tenant Name
North American Dental
Years Remaining On Lease
2.1
Gross SF
2,847
Guarantor
Corporate Guarantee
Rentable SF
2,847
Price/Gross SF
$276.78
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.11

Investment Highlights

  • Heavy Commercial And Residential Use Nearby
  • Property Fronts San Jose Blvd – AADT 26,000
  • Located In A Professional Office Complex

Investment Overview

Marcus & Millichap is pleased to present the subject property, located at 9776 San Jose Blvd. Unit # 7, Jacksonville, FL 32257. Situated in the Mandarin Professional Complex, the structure on this parcel was built in 1988 and consists of office condo units. The subject unit contains +/- 2,850 SF and is occupied by Mandarin Smiles which has two and one-fourth years remaining on its lease with two five-year options. The heavy residential and commercial community surrounding this area creates a strong demand for office space by professional practitioners who service their clientele from their location. A prospective investor is able to capitalize on the current lease and need for this product type.

Exclusively Listed By

Financing By

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